Idaho House panel OKs new benefit corporation category - Spokane, North Idaho News & Weather KHQ.com

Idaho House panel OKs new benefit corporation category

Posted: Updated:
BOISE, Idaho (AP) - A bill that would let corporations pursue social and moral causes has cleared an early hurdle.

The House Commerce and Human Resources Committee unanimously voted Tuesday to create a new category of businesses called benefit corporations.

Currently, Idaho businesses must base their decision only on maximizing profits - or risk a lawsuit from stakeholders.

But under the bill, a business could also make decisions based on causes like community benefit or environmental sustainability.

More than 25 states have a similar category.

Republican Rep. Pete Nielsen from Mountain Home worried that the charitable actions would lead to more tax deductions. But Russ Stoddard, who leads a Boise company hoping to become a benefit corporation, says estimated higher profits would actually increase tax revenue.

The bill has already unanimously passed the Senate.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


  • Most Popular StoriesMost Popular StoriesMore>>

  • Coeur d'Alene Police investigating school shooting threat made on Snapchat

    Coeur d'Alene Police investigating school shooting threat made on Snapchat

    Friday, October 19 2018 1:04 AM EDT2018-10-19 05:04:39 GMT

    COEUR D'ALENE, Idaho - Coeur d'Alene Police are investigating a reported school shooting threat at Coeur d'Alene High School. A spokesperson for the district said that the threat was written on a napkin and shared  on Snapchat. It says: "CHS school shooting 10-19-18. Be ready." Police tell us that while they are still investigating whether the threat is credible, they do not believe the CHS that the note mentions is referring to Coeur d'Alene High School.

    >>

    COEUR D'ALENE, Idaho - Coeur d'Alene Police are investigating a reported school shooting threat at Coeur d'Alene High School. A spokesperson for the district said that the threat was written on a napkin and shared  on Snapchat. It says: "CHS school shooting 10-19-18. Be ready." Police tell us that while they are still investigating whether the threat is credible, they do not believe the CHS that the note mentions is referring to Coeur d'Alene High School.

    >>
  • Candlelight vigil to be held on Sunday for teenage shooting victim, Eddie Daniels

    Candlelight vigil to be held on Sunday for teenage shooting victim, Eddie Daniels

    Friday, October 19 2018 4:06 AM EDT2018-10-19 08:06:30 GMT

    A vigil is scheduled for Eddie Daniels, a 15-year-old shot and killed in downtown Spokane on Wednesday. The memorial will be at 115 E. Pacific Avenue in Spokane. It's open to the public and free to attend. Donations will be collected for Daniel's family to help with funeral costs. "All donations are going to the family, to mom, to help for any need acquired through this tragedy," Chris Hart, an organizer, said. The vigil is also organized by Jeff Ross, the City Life..

    >>

    A vigil is scheduled for Eddie Daniels, a 15-year-old shot and killed in downtown Spokane on Wednesday. The memorial will be at 115 E. Pacific Avenue in Spokane. It's open to the public and free to attend. Donations will be collected for Daniel's family to help with funeral costs. "All donations are going to the family, to mom, to help for any need acquired through this tragedy," Chris Hart, an organizer, said. The vigil is also organized by Jeff Ross, the City Life..

    >>
  • Texas police identify woman, child in doorbell video

    Texas police identify woman, child in doorbell video

    Thursday, October 18 2018 10:50 PM EDT2018-10-19 02:50:01 GMT

    SPRING, Texas - Authorities in Texas say a woman who left a toddler alone on a stranger's doorstep could face charges of felony child endangerment.

    >>

    SPRING, Texas - Authorities in Texas say a woman who left a toddler alone on a stranger's doorstep could face charges of felony child endangerment.

    >>
HD DOPPLER 6i
/